Of course it isn't a good thing that goes without saying but you have to take movements within context. The markets have shown a lot of resilience so far and the movements are no where close to being really worrying, we just need to see where it bottoms out over the next few weeks. The market was overpriced anyway imo, I'm just glad we've made every preparation this time round so should avoid a double whammy.
Brexit and Financial Markets
- Thread starter Raoul
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
Of course it isn't a good thing that goes without saying but you have to take movements within context. The markets have shown a lot of resilience so far and the movements are no where close to being really worrying, we just need to see where it bottoms out over the next few weeks. The market was overpriced anyway imo, I'm just glad we've made every preparation this time round so should avoid a double whammy.
My ITV and Barclays shares were both down 20pc
Eeesh. Although banking and advertising were always going to be hit very hard.
The huge Sterling fall has to be taken into account as well given the FTSE is priced in it.
The big question on Cable is whether it will bottom out after the initial anxiety shock or whether it will continue to price the long term ramifications of leaving the EU and what knock on effects that may have.
Surely the latter, given no-one can be certain what form the govt will take.
Sterling still plummetting and FTSE250 down 5% this morning, glad it's all over,Boris
I think it will go lower
I can remember when the pound was worth 1.05 dollars but cant remember why, it was a long time ago
So this is the lowest the pound has been in my life time.
So this is the lowest the pound has been in my life time.
Marching towards Euro parity levels probably.
At least its levelled out at 1.32 for the time being.
New 31 year low. (Chart is this month)
I'm on TradingView too
You follow anyone you can recommend?
Yes, this is only the beginning
For those who vote out what did you expect?
Well i'm hoping it will repeat the Friday pattern and rally a bit near the end of the day.
As much as we can use this as a reason to say "I told you so", I actually don't want our economy to go to shit.
As much as we can use this as a reason to say "I told you so", I actually don't want our economy to go to shit.
don't worry think of all the savings you'll have because you left. 350m , oh wait they were just fecking with the elderly and divs.
Is the pound going to get stronger against the euro any time soon? It's getting ridiculous.
won't matter GB has nothing the world wants - that's when a weak currency helps (for the most part) - i guess whiskey sales may save you.
In an era of currencies being intentionally kept low, a falling GBP may not necessarily be a bad thing for the country.
I'm just more worried about buying euros for my holiday in 3 weeks
I'm just more worried about buying euros for my holiday in 3 weeks
It might've been better to have bought them before the vote if your holiday is that close. Then again a lot can happen in 3 weeks - the pound was always going to drop against the dollar but it could be argued that the Euro is equally if not more vulnerable than the pound at the moment so it might start creeping up again in the next couple of weeks.
again only if you have something to sell to the world's markets. you really don't. wait , weapons. you have them it's what the russians do.
I'm just more worried about buying euros for my holiday in 3 weeks
lol - i hear ya. i bought pounds for a trip - wished i waited.
Shell, BP, Glaxo, Unilever, Brent, JCB, Ineos, Mclaren Group ( they make alot more than just cars) Rolls Royce... we have lots we sell, we just don't have a single recognised industry that you can put up and say oh yeah that's what we sell, in fact with us still haveing full access to Europe at the moment we can maybe start actually exporting at a higher percentage.
Hindsights a wonderful thing, mate. I'll wait.
This is in line with Kruger's assessment that it is the EU in 'deep deep trouble' rather than the UK?
Too true mate. Sorry if I came across a bit smug as it wasn't meant that way and I guess few were expecting a leave vote to come out on top (the bookies were certainly not expecting it) so it's conceivable that the pound would've strengthened much more if the vote had gone the other way.
shell is dutch , as is Unilever (brit dutch HQ is in the nethlnds) and JCB is that doing well? it has loads of comp world wide. Ineos - swiss. and Brent is oil -good luck with that.
Actually, a lot of the industries are struggling due to lack of competitiveness. Therefore, even though right now, the UK may not be selling things abroad doesn't mean it can't. For instance, the UK JLR factories may become more competitive. It becomes an even better prospect for setting up R&D operations when earlier companies may have tended towards other European countries.
Obviously, this is potentially. And my knowledge of the UK economy is limited at best.
I thought Leave was a racing certainty from the start, but I did expect the margin of victory to be greater. I suppose the murder of Jo Cox at such a critical time affected the outcome.
It's common information anyway.
I don't get this. What about British banks? Why's he telling people to move money out of Europe and into UK?
He's a well respected former Goldman trader.
It's common information anyway.
I don't get this. What about British banks? Why's he telling people to move money out of Europe and into UK?
Safe to say that the financial sector is pretty shaky whether in the UK or Europe. This guy just thinks the European ones are going to be worse off.
Ii can understand moving out of UK/EU to Asia/US, but EU to UK or vice versa is pretty dumb.
My investments are actually very slightly up compared to pre-referendum. Sure the UK stuff has tanked, but foreign-based funds have made up for that as their Sterling value has risen. Bonds up a bit too. God knows what will happen next mind, I admit to paralysing indecision, just hoping a good balance will see me through.